The company has already started construction work on a new paper packaging workshop in the city of Ploiești
Segezha has paper packaging manufacturing facilities in Europe, Turkey, and Russia. (Credit: Segezha Group.)
Russia’s Segezha Group has announced a total investment of nearly €10m to expand its packaging production capacity in Romania.
The company has already started construction work on a new paper packaging workshop in the city of Ploiești, as part of the new investment.
The plans is expected to feature an advanced production facility equipped with a new manufacturing line as well as a warehouse for finished products.
Upon completion of the plant, the production capacity will be expanded by 60 million paper sacks to nearly 160 million paper sacks per year.
The industrial launch of the new Romanian packaging plant is expected to take in the spring of 2022.
Segezha Packaging CEO Rinat Stark said: “Our investment programme will help Segezha Group expand its strategic presence in Europe. The new facility will meet the highest quality and safety standards.
“We will not just significantly increase our capacity, but enter new market segments as well. We continue to move ahead, sustaining the growth of our business and creating new jobs, even in the midst of a pandemic.”
Currently, Segezha has paper packaging manufacturing facilities in Europe, Turkey, and Russia.
With a combined capacity of 720 million paper sacks per annum, Segezha Packaging assets are located in Germany, the Netherlands, Denmark, Italy, Romania, Czech Republic, and Turkey.
Segezha operates several packaging plants in the Republic of Karelia and Rostov Region in Russia. The plants produce over 668 million paper sacks per annum.
The company stated: “Due to the advantageous geographic location of its converting facilities, Segezha Packaging can use strategic logistics routes to its markets in Europe, the Middle East, and North Africa. Russian business units of Segezha Packaging, in turn, meet the packaging needs of Russia and the former Soviet republics.”
In June, Segezha signed an agreement with VEB.RF for the joint construction of a new pulp and paper plant in the Republic of Karelia.